Oil

Iran is currently in talks for signing 21 oil and gas contracts which will require an investment of 50 billion dollars by 2030 in the sector.

Oil prices this month have not been so high in three years.

The kingdom will decide where the stock will be traded. not the company.

IEA analysts pointed out that the oil market is clearly tightening.

The market is currently experiencing Brent crude prices at around $70 a barrel. a price not seen since 2014.

Iran exported an average of 2.559 million barrels of crude oil per day during September 23-December 21. 2017.

When oil goes up inflationary expectations go up as well.

Iran'.s light oil price was reported $64.57 on average since the beginning of 2018.

The Iranian Cabinet declared Monday. January 15. as a nationwide day of public mourning over the tanker disaster.

Oman is one of the non-OPEC nations to take part in the JMMC that was formed in 2016 to control falling oil prices.